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Valued at a market cap of $63.1 billion, DoorDash (DASH) operates a logistics platform connecting merchants, and consumers in the U.S. and internationally. It operates marketplaces, such as DoorDash and Wolt, that provide merchant-based services, including customer acquisition, delivery, analytics, payment processing, and more. Its DashPass and Wolt+ are membership products, and DoorDash also provides delivery fulfillment services. The company’s DoorDash storefront allows merchants to offer consumers access to e-commerce, while Bbot offers merchants digital ordering and payment solutions.
Like other marketplaces and digital platforms, DoorDash gained massive traction amid COVID-19, increasing its sales from $885 million in 2019 to $4.88 billion in 2021. While its sales growth has decelerated in recent years, its revenue has risen by 25% year over year to $9.6 billion in the last 12 months.
